Dymax Investing $21.5M In Gastonia, North Carolina

Connecticut-based Dymax Corporation will create 59 jobs at a new advanced manufacturing facility in Gastonia, North Carolina.


https://businessfacilities.com/2020/04/dymax-investing-21-5m-in-gastonia-north-carolina/
Connecticut-based Dymax Corporation will create 59 jobs at a new advanced manufacturing facility in Gastonia, North Carolina.
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Dymax Investing $21.5M In North Carolina

The advanced manufacturer will create 59 new jobs at a new manufacturing facility in Gastonia, NC.

Dymax Investing $21.5M In Gastonia, North Carolina

Global chemical manufacturer Dymax Corporation will create 59 new jobs at a new production site in Gaston County, NC. The Connecticut-based company will invest more than $21.5 million to establish a manufacturing facility at the Gastonia Technology Park in Gastonia.

Gastonia Technology Park
(Photo: Gaston County Economic Development Commission )

“Even amid unprecedented short-term challenges facing the global economy, advanced manufacturers remain eager to invest in North Carolina because they know our business climate is conducive to their long-term success,” said North Carolina Commerce Secretary Anthony Copeland. “North Carolina has the fifth largest manufacturing economy in the nation, a strong manufacturing workforce and a robust transportation network to support Dymax’s continued business growth.”

Founded in 1980, Dymax Corporation provides integrated rapid and light-cure formulations and equipment for the consumer and automotive electronics, aerospace, defense, and medical markets.

“Dymax is experiencing steady and significant growth, and our expansion from our Northeast roots into North Carolina opens doors to outstanding labor, technical and logistic resources,” said Aaron Mambrino, President of Dymax North America. “The combination of available resources and solid support from state and local officials made North Carolina a great choice.”

The North Carolina Department of Commerce led the state’s support for the company’s decision. A performance-based grant of $200,000 from the One North Carolina Fund will help facilitate Dymax Corporation’s expansion to Gaston County. The fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One North Carolina grants require a matching grant from local governments and any award is contingent upon that condition being met.

“As Chairman of the Gaston County EDC, I want to extend our sincere appreciation to the Dymax Corporation for announcing their newest expansion of the company’s advanced manufacturing operation is to be built in the Gastonia Technology Park,” said Robert Browne, Chairman of the Gaston County Economic Development Commission. “We welcome them to our community and are grateful for their investment which is to create quality jobs in Gaston County. I would like to extend my deepest thanks to the Gaston County Board of Commissioners, the Gastonia Council and the staff of the Economic Development Commission for their diligent work to make this project possible.”

In addition to N.C. Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, Gaston County Board of Commissioners, and the City of Gastonia.

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